Week Ahead: National EV Infrastructure Program, AZ Discusses Natural Gas Expansion, Xcel’s Virtual Power Plant Initiative
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U.S. Interior Updates Guidelines to Accelerate Plugging of Orphaned Oil and Gas Wells
The U.S. Interior Department on July 17 announced that it has revised its procedures for states applying to federal programs intended at cleaning up abandoned oil and gas wells. The updated guidance modifies two grant programs—the $1.93 billion Orphaned Wells State Formula Grant Program and $780 million Orphaned Wells State Matching Grant Program. The revisions…...
U.S. Energy Department Approves Strategic Petroleum Reserve Exchange
The U.S. Energy Department on July 11 announced the approval of an exchange from the Strategic Petroleum Reserve, or SPR, with ExxonMobil Corporation to tackle logistical complexities affecting crude oil deliveries to the firm’s Baton Rouge refinery. The action will help maintain robust regional supply of transportation fuels across Louisiana and the wider Gulf Coast…....
U.S. Crude Oil and Natural Gas Production Growth to Remain Strong Through 2030: EIA
U.S. crude oil and natural gas production growth is projected to remain relatively high through 2030, according to a July 11 report by the U.S. Energy Information Administration. This growth is largely driven by rising exports of petroleum products and liquefied natural gas (LNG). Advances in drilling technologies, particularly horizontal drilling and hydraulic fracturing, have…...
U.S. Interior Proposes Easing Rules for Commingled Oil and Gas Production Across Leases
The U.S. Interior Department on July 7 proposed key updates to Bureau of Land Management (BLM) oil and gas regulations aimed at streamlining the process for operators to commingle production from multiple leases. These changes would carry out the One Big Beautiful Bill’s directive for the department to approve onshore commingling applications. Producing oil and…...
President Trump Signs ‘One Big Beautiful Bill,’ Prioritizing Fossil Fuels Over Clean Energy
U.S. President Donald Trump on July 4 signed the One Big Beautiful Bill Act, a sweeping reconciliation measure that fundamentally reshapes federal energy policy. Backed by President Donald Trump and Republican leadership, the legislation takes down many of the clean energy incentives established under the Inflation Reduction Act while accelerating fossil fuel development on public…...